3 Things You Should Know About Small Business: February 28
The district's 1,082 shops, restaurants and storefront services perhaps felt the greatest impact of Hurricane Sandy. Approximately 30% of businesses were closed for more than a week after the storm. Just two weeks after the storm, however, 50 of the total 320 closed stores had already reopened. By the end of December, a total 87% of retailers were open south of Chambers Street. Today, 90% of retailers are open.
One area that has not recovered very well from Sandy is South Street Seaport. According to a recent Huffington Post article, the area is still a ghost town, with roughly 85% of the small businesses are still boarded up.
Separately, Long Island small businesses in Sandy's path get free marketing from a local radio station. American Express (AXP) OPEN and Long Island radio station, WALK-FM, has partnered to offer local businesses suffering from Hurricane Sandy a free local directory and air time to help get the word out that they're open for business. Eligible businesses in storm-affected areas will have the opportunity for on-air exposure. Submit your business no later than March 15, 2013.
-- Written by Laurie Kulikowski in New York.
To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.
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